Loading ...Good analysis. So, once upon a time the AUD was considered a commodity currency. Not sure why that title went away, but maybe it’s being re-discovered that Australia has a butt ton of resources – especially metals.
The Morgan Stanley allocation is crazy to me because you’re right, he goes from 0% to 20% without testing the waters. I wonder what type of information they have that would cause them to make a dramatic change like that? Morgan Stanley is no boutique trading house; they are one of the big boys who’ve treated gold like the plague since I’ve been in the markets.
Crazy times.